The Tribunal held that renting a building for operating a hotel falls within the statutory exclusion under Section 65(105)(zzzz) of the Finance Act, 1994. Therefore, the service tax demand on the leased hotel property was set aside.
The High Court held that Section 94 of the BNSS only allows authorities to call for documents and does not empower police to freeze bank accounts. Since the account was frozen without proper statutory authority, the action was declared illegal.
A representation has urged reconsideration of GSTAT Procedure Rules requiring all relied-upon documents to be filed with the appeal. It argues that the requirement could risk loss of statutory appeal rights within the limited filing period.
The Tribunal ruled that simultaneous proceedings arising from reassessment and revision for the same year could lead to multiplicity of proceedings and inconsistent findings. It restored the entire matter to the Assessing Officer for consolidated de-novo adjudication.
The notification expands reporting rules to include central bank digital currencies, electronic money products and relevant crypto-assets for tax information reporting.
ICAI introduces a new system allowing candidates to directly select their preferred examination centre in the online form for May 2026 CA exams, though final allotment remains with the Institute.
The High Court flagged serious flaws in a GST adjudication order that cited non-existent and unrelated judgments. It indicated the need for safeguards to prevent blind reliance on incorrect legal precedents.
Key rulings clarify return mismatches, ITC disputes, anti-profiteering, and Section 74 proceedings, providing crucial guidance for tax professionals and compliance strategies.
The GST Portal now allows Rule 14A taxpayers to exit via Form REG-32. Learn the step-by-step process, eligibility conditions, and mandatory Aadhaar authentication requirements.
A comprehensive guide to critical GST actions before 31 March 2026, including LUT filing, ITC reconciliation, and scheme selections. The key takeaway: timely year-end compliance prevents interest, penalties, and recovery risks.
